International Property Investment

Repossessions in Spain – Are There Any Estate Agents Left in Spain

Mark Knowles — Wed, 10 Mar 2010 12:12:40 +0000

The Spanish property crash continues unabated and it is now getting to the point where the massive – and we do mean massive – amount of repossessed property in Spain is in danger of bringing the country to it’s knees. Despite the quiet injection of 60 billion Euros by the European Central Bank in to the Spanish property market by way of covered bond purchases in May, 2009 – we have now reached the point of no return we feel.

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REIT Buys Interest in Luxury Orange County Condo Project

Mark Knowles — Mon, 08 Mar 2010 10:42:21 +0000

Essex Property Trust, Inc. (NYSE: ESS), a fully integrated Real Estate Investment Trust (REIT) that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company has entered into a venture to acquire Essex Skyline at MacArthur Place, a 349-unit high rise condominium project in Santa Ana, California for $128 million.

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Tourist Arrivals Rise 3.28% On Lanzarote

Nick — Thu, 04 Mar 2010 11:24:04 +0000

The tentative recovery of Lanzarote´s tourist industry continues. As figures just released by ISTAC, the Canary Island´s Institute of Statistics, reveals that foreign visitor arrivals rose by 3.28% in Janauary. Suggesting that the record falls and negative numbers of last year are now a thing of the past.

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Post Properties REIT Announces Quaterly Dividends

Mark Knowles — Fri, 26 Feb 2010 08:57:38 +0000

Post Properties, Inc, an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.20 per share for the first quarter of 2010. The dividend is payable on April 15, 2010 to all common stock shareholders of record as of March 31, 2010.

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Strongest Investment Property Yields Found in Commuter Areas

Mark Knowles — Mon, 22 Feb 2010 15:16:21 +0000

After an interesting year in the property market, early 2010 is a crucial time for investors to examine their property portfolios and examine where the best yields are to be found. This is all the more important if one considers the growth in sale prices which overtook the growth in lettings values and the subsequent yield contraction of 55 basis points. The average property acquisition yielded 4.7% gross at the end of 2009.

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COMMERCIAL AND RESIDENTIAL REAL ESTATE FORECAST DRAWS HUGE CROWD

Mark Knowles — Tue, 02 Feb 2010 10:23:30 +0000

More than 250 of the top business leaders in commercial real estate met last week to hear the Voit Real Estate Services’ Commercial Real Estate Forecast at the Pacific Club. The top-notch panel included keynote speaker Dr. Christopher Thornberg of Beacon Economics, residential guru John McMonigle of the McMonigle Group, Robert D. Voit, president of Voit Real Estate Services, and Ken Gaitan, head of Bank of America’s OREO West.

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Property prices in the UK still distorted by low sales volumes

Mark Knowles — Mon, 01 Feb 2010 16:25:44 +0000

It appears the British Government Inc has managed to eke out another 0.1% increase in average sale prices in the UK at the expense of sales volumes. According to the Land Registry, average sales prices have now risen 0.1% to £161,764, bringing the yearly increase up 2.5%

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Church of England Investment in Manhattan Goes South

Mark Knowles — Wed, 27 Jan 2010 09:45:13 +0000

Ouch! It appears the church of England is – once again – better at preaching morals than actually practicing them. A £40 million investment in a decidedly-dodgy Manhattan luxury real estate deal has just gone up to heaven to be with Jesus. According to the Episcopal News Service:

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Burj Dubai Window Cleaning

Mark Knowles — Tue, 19 Jan 2010 11:16:51 +0000

Although the Burj Dubai is now “finished,” we still have not seen an influx of tenants or investors, but this rather entertaining video of the windows being cleaned makes up wonder what is going on. Surely this is not a practical solution. Or is it? With labor being cheap and readily available. Not a job we would fancy though. Scary…..

Property Investment in Methoni

Martyn Shuttleworth — Fri, 15 Jan 2010 20:41:54 +0000

After the post concerning Greek Property investment in Sparta, we continue our look at property investment hotspots in the Peloponnese with a hop over the Taygetos Mountains, into Messinia. This corner of the Peloponnese is opening up, as transport and communications improve, and foreign buyers are increasingly looking at property investment in Methoni.